Phoenix Coyotes Sale Approved; Team Staying In Phoenix
“Your Coyotes, here to stay.”
The National Hockey League approved the sale of the Phoenix Coyotes to Renaissance Sports and Entertainment, LLC, who will manage the team for a group called “IceArizona.” The incoming group will be the successors to the NHL, who have owned the Coyotes for the past several years.
“The National Hockey League believes in Arizona as an NHL market and that these new owners can provide the Coyotes the opportunity to secure a stable, long-term future in Glendale,” Commissioner Gary Bettman said of IceArizona AcquisitionCo., LLC. “We thank Mike Nealy, Don Maloney, Dave Tippett, team captain Shane Doan and all the players and staff for consistently going ‘above and beyond’ on behalf of the franchise during this long and complex process. We thank the Coyotes’ devoted fans for their patient, perseverant support. We are extremely pleased that a positive resolution has been achieved for the fans, the city, the Coyotes and the League.”
While the move doesn’t exactly make fiscal sense (the Coyotes lose money every year), the Phoenix metropolitan area is one of the fastest growing regions in the United States, and population figures for the surrounding city of Glendale have also gone up. Despite that, the Coyotes and their new owners are looking to change that.
“We are thrilled to be taking over a team led by one of the NHL’s best general managers in Don Maloney, one of the best coaches in Dave Tippett, and the League’s longest serving and most respected captain in Shane Doan,” said LeBlanc, Alternate Governor and pending CEO of the franchise. “The Coyotes are here to stay and we will continue to work hard on and off the ice and have a strong presence in our community. Our ultimate goal is to bring a Stanley Cup championship to our tremendously resilient, passionate and dedicated fan base here in the Valley. We have a lot of work to do and we can’t wait to get started.”
With the recent signing of Mike Ribeiro, the drafting of Max Domi, several player and management extensions, as well as a new lease for the Jobing.com Arena, the Phoenix franchise is looking to re brand itself. Believe it or not, a name change is in store as well, as the “Phoenix Coyotes” will soon become the “Arizona Coyotes” to represent more than just one small region out west.
Within five years, we will be re-visiting this scenario probably yet again, though for now, things are settled and the franchise and its players can focus on hockey rather than looking for homes in Seattle or Quebec City.
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